News

Eileen Haughey will be stepping down as chief executive officer (CEO) of the BT Pension Scheme (BTPS) once its 2017 actuarial valuation has been finalized.

The Work and Pensions Committee (WPC) and the Business, Energy and Industrial Strategy Committee (BEISC) will hold two sessions to probe why Carillion went into liquidation.

In this week's Pensions Buzz, we want to know if company bosses should be made to repay bonuses if they are found to have deliberately or recklessly underfunded their defined benefit (DB) pension scheme.

Xafinity Punter Southall has appointed Wayne Segers as head of Punter Southall Transaction Services ('PSTS').

Total of £15.7bn accessed flexibly

Four scammers have been told to pay back £13.7m after luring 245 pension savers to transfer funds to 11 bogus schemes.

The government and the industry "need to work in partnership" to enable savers to take control of their future, pensions and financial inclusion minister Guy Opperman has said.

The pooled structure set up by 12 local authority funds has appointed an interim chief investment officer (CIO), a chief risk officer (CRO), and head of equities and alternatives.

The estimated cost of pensions tax relief for employees to the government is expected to hit £24bn in this tax year, according to government data.

The government has indicated it may change the order in which debts are recovered during an insolvency, putting pension schemes higher up the hierarchy.